Bare Act

The Madhya Pradesh VAT (Amendment) Act, 2022 Dated 30-09-2022

This Act amends the Madhya Pradesh Value Added Tax Act, 2002 to update penalty rules for dealers and businesses. It changes Section 64 to specify penalties for various violations, such as failing to register, submitting false returns, or obstructing inspections. The new rules allow the Commissioner to impose a penalty of up to Rs. 50,000 for specific defaults. Additionally, the Act modifies other sections regarding tax collection and input tax rebates to ensure compliance with the state's tax laws. These changes aim to strengthen tax administration and deter non-compliance by clearly defining consequences for tax-related offenses.

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